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Ratios
Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Vnet (VNET) FCF Margin (2016 - 2025)

Vnet has reported FCF Margin over the past 12 years, most recently at 87.69% for Q4 2025.

  • For Q4 2025, FCF Margin fell 424.0% year-over-year to 87.69%; the TTM value through Dec 2025 reached 96.2%, up 1202.0%, while the annual FY2025 figure was 56.86%, 2096.0% down from the prior year.
  • FCF Margin was 87.69% for Q4 2025 at Vnet, down from 115.98% in the prior quarter.
  • Across five years, FCF Margin topped out at 115.98% in Q3 2025 and bottomed at 46.5% in Q2 2023.
  • The 5-year median for FCF Margin is 82.33% (2022), against an average of 78.63%.
  • Year-over-year, FCF Margin soared 12790bps in 2021 and then tumbled -4010bps in 2023.
  • Over 5 years, FCF Margin stood at 91.65% in 2021, then fell by -15bps to 78.06% in 2022, then rose by 18bps to 92.08% in 2023, then dropped by 0bps to 91.93% in 2024, then decreased by -5bps to 87.69% in 2025.
  • The last three reported values for FCF Margin were 87.69% (Q4 2025), 115.98% (Q3 2025), and 91.89% (Q2 2025) per Business Quant data.